Morten Sorensen

Dartmouth College - Tuck School of Business

Hanover, NH 03755

United States

National Bureau of Economic Research (NBER)

Research Associate

1050 Massachusetts Avenue

Cambridge, MA 02138

United States

  • Dartmouth College - Tuck School of Business

  • National Bureau of Economic Research (NBER)

SCHOLARLY PAPERS

18

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29,098

SSRN CITATIONS
Rank 812

SSRN RANKINGS

Top 812

in Total Papers Citations

1,239

CROSSREF CITATIONS

353

Scholarly Papers (18)

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1.

Are CEOs Different?

Downloads 5,630 ( 2,306)
Citation 25

Are CEOs Different?

Columbia Business School Research Paper No. 16-27, Paris December 2016 Finance Meeting EUROFIDAI - AFFI, Journal of Finance, Forthcoming
Number of pages: 61 Posted: 15 Mar 2016 Last Revised: 30 Oct 2020
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Dartmouth College - Tuck School of Business
Downloads 5,384 (2,490)
Citation 2

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CEOs, CFOs, COOs, Managerial Characteristics, Hiring Decisions, Corporate Governance

Are CEOS Different? Characteristics of Top Managers

NBER Working Paper No. w23832
Number of pages: 55 Posted: 18 Sep 2017 Last Revised: 13 Feb 2022
Steven N. Kaplan and Morten Sorensen
University of Chicago - Booth School of Business and Dartmouth College - Tuck School of Business
Downloads 246 (198,570)
Citation 22

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2.

Which CEO Characteristics and Abilities Matter?

Downloads 4,781 ( 3,122)
Citation 145

Which CEO Characteristics and Abilities Matter?

Swedish Institute for Financial Research Conference on the Economics of the Private Equity Market, AFA 2008 New Orleans Meetings Paper
Number of pages: 49 Posted: 20 Mar 2007 Last Revised: 13 Jan 2015
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Dartmouth College - Tuck School of Business
Downloads 4,531 (3,366)
Citation 61

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CEO characteristics, private equity

Which CEO Characteristics and Abilities Matter?

NBER Working Paper No. w14195
Number of pages: 55 Posted: 04 Aug 2008 Last Revised: 16 Oct 2022
Steven N. Kaplan, Mark M. Klebanov and Morten Sorensen
University of Chicago - Booth School of Business, University of Chicago - Graduate School of Business (GSB) and Dartmouth College - Tuck School of Business
Downloads 250 (195,389)
Citation 95

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3.

Skill and Luck in Private Equity Performance

Downloads 2,497 ( 9,098)
Citation 40

Skill and Luck in Private Equity Performance

Rock Center for Corporate Governance at Stanford University Working Paper No. 179
Number of pages: 69 Posted: 03 Apr 2014 Last Revised: 16 Dec 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 2,097 (11,844)
Citation 6

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Persistence, private equity, venture capital, skill, learning

Skill and Luck in Private Equity Performance

Netspar Discussion Paper No. 04/2014-026
Number of pages: 59 Posted: 08 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 400 (117,985)
Citation 32

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4.

The Public Market Equivalent and Private Equity Performance

Downloads 2,246 (10,817)
Citation 31

The Public Market Equivalent and Private Equity Performance

Financial Analysts Journal, Vol. 71, No. 4, 2015, Netspar Discussion Paper No. 09/2013-039
Number of pages: 22 Posted: 01 Nov 2013 Last Revised: 13 Jan 2016
Morten Sorensen and Ravi Jagannathan
Dartmouth College - Tuck School of Business and Northwestern University - Kellogg School of Management
Downloads 1,146 (29,845)
Citation 3

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Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

The Public Market Equivalent and Private Equity Performance

Columbia Business School Research Paper No. 13-34
Number of pages: 21 Posted: 02 May 2013 Last Revised: 11 Nov 2019
Morten Sorensen and Ravi Jagannathan
Dartmouth College - Tuck School of Business and Northwestern University - Kellogg School of Management
Downloads 1,100 (31,698)
Citation 35

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Private equity, public market equivalent, PME, log utility CAPM, ex-post performance evaluation, generalized method of moments

5.

Private Equity and Industry Performance

Downloads 2,223 (10,997)
Citation 25

Private Equity and Industry Performance

Harvard Business School Entrepreneurial Management Working Paper No. 10-045, AFA 2011 Denver Meetings Paper
Number of pages: 49 Posted: 18 Dec 2009 Last Revised: 29 Aug 2011
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strƶmberg
Harvard University - Business School (HBS), Harvard Business School - Finance Unit, Dartmouth College - Tuck School of Business and Swedish House of Finance
Downloads 1,575 (18,519)

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Private Equity and Industry Performance

Netspar Discussion Paper No. 06/2014-023, Stanford University Graduate School of Business Research Paper No. 14-25
Number of pages: 47 Posted: 02 Jul 2014
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strƶmberg
Harvard University - Business School (HBS), Harvard Business School - Finance Unit, Dartmouth College - Tuck School of Business and Swedish House of Finance
Downloads 505 (89,455)
Citation 13

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Private Equity and Industry Performance

NBER Working Paper No. w15632
Number of pages: 40 Posted: 11 Jan 2010 Last Revised: 29 Oct 2022
Shai Bernstein, Josh Lerner, Morten Sorensen and Per Strƶmberg
Harvard University - Business School (HBS), Harvard Business School - Finance Unit, Dartmouth College - Tuck School of Business and Swedish House of Finance
Downloads 143 (323,568)
Citation 19

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6.

Private Equity and Long-Run Investment: The Case of Innovation

Downloads 2,008 (12,936)
Citation 177

Private Equity and Long-Run Investment: The Case of Innovation

EFA 2009 Bergen Meetings Paper
Number of pages: 49 Posted: 17 Feb 2008 Last Revised: 25 Oct 2014
Morten Sorensen, Per Strƶmberg and Josh Lerner
Dartmouth College - Tuck School of Business, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 1,560 (18,767)
Citation 3

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Buyouts, LBOs, Innovation, Patents

Private Equity and Long-Run Investment: The Case of Innovation

The Journal of Finance, Vol. 66, No. 2, pp. 445-477, 2010
Number of pages: 57 Posted: 27 Oct 2011
Morten Sorensen, Per Strƶmberg and Josh Lerner
Dartmouth College - Tuck School of Business, Swedish House of Finance and Harvard Business School - Finance Unit
Downloads 247 (197,776)
Citation 29

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Private Equity and Long-Run Investment: The Case of Innovation

NBER Working Paper No. w14623
Number of pages: 50 Posted: 15 Jan 2009 Last Revised: 17 Dec 2022
Josh Lerner, Morten Sorensen and Per Strƶmberg
Harvard Business School - Finance Unit, Dartmouth College - Tuck School of Business and Swedish House of Finance
Downloads 201 (240,732)
Citation 75

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7.

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Downloads 1,630 (17,906)
Citation 67

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Review of Financial Studies, Forthcoming, AFA 2009 San Francisco Meetings Paper
Number of pages: 58 Posted: 25 Mar 2008 Last Revised: 13 Jan 2015
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 1,349 (23,418)
Citation 4

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Entrepreneurship, Venture Capital, Sample Selection, Liquidity, Endogenous Trading, MCMC, Gibbs Sampling

Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

The Review of Financial Studies, Vol. 23, No. 10, pp. 3738-3772, 2011
Number of pages: 63 Posted: 27 Oct 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 142 (325,326)

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Risk and Return Characteristics of Venture Capital-Backed Entrepreneurial Companies

Netspar Discussion Paper No. 01/2011-033
Number of pages: 64 Posted: 25 Apr 2011
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 139 (330,947)
Citation 69

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8.

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Downloads 1,454 (21,303)
Citation 164

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Number of pages: 63 Posted: 31 Jan 2006
Morten Sorensen
Dartmouth College - Tuck School of Business
Downloads 1,454 (20,920)
Citation 164

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Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

How Smart is Smart Money? A Two-Sided Matching Model of Venture Capital

Journal of Finance, Forthcoming
Posted: 13 Mar 2007
Morten Sorensen
Dartmouth College - Tuck School of Business

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Venture Capital, Selection Problem, Two-Sided Matching, Bayesian Estimation, MCMC

9.

Risks, Returns, and Optimal Holdings of Private Equity: A Survey of Existing Approaches

Number of pages: 32 Posted: 30 Jul 2012
Andrew Ang and Morten Sorensen
BlackRock, Inc and Dartmouth College - Tuck School of Business
Downloads 1,424 (22,025)
Citation 6

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10.

Valuing Private Equity

Downloads 1,300 (25,203)
Citation 27

Valuing Private Equity

Number of pages: 58 Posted: 18 Apr 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 686 (60,656)
Citation 1

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Private equity, LP portfolio choice, certainty-equivalent valuation, incomplete markets, illiquidity, non-diversiļ¬able risk, alpha, GP compensation, management fees, carried interest

Valuing Private Equity

Netspar Discussion Paper No. 04/2012-041
Number of pages: 59 Posted: 27 Nov 2012 Last Revised: 27 Sep 2019
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 261 (187,112)
Citation 7

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

Valuing Private Equity

NBER Working Paper No. w19612
Number of pages: 64 Posted: 09 Nov 2013 Last Revised: 02 Feb 2023
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 187 (257,182)
Citation 20

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Valuing Private Equity

Number of pages: 58 Posted: 03 Oct 2012 Last Revised: 14 Jun 2013
Morten Sorensen, Neng Wang and Jinqiang Yang
Dartmouth College - Tuck School of Business, Columbia University - Columbia Business School, Finance and Shanghai University of Finance and Economics
Downloads 166 (285,618)
Citation 1

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Private equity, alternative investments, illiquidity, portfolio choice, asset allocation, management fees, carried interest, incomplete markets

11.

Learning By Investing: Evidence from Venture Capital

AFA 2008 New Orleans Meetings Paper
Number of pages: 42 Posted: 13 Mar 2007 Last Revised: 29 Oct 2014
Morten Sorensen
Dartmouth College - Tuck School of Business
Downloads 1,174 (29,240)
Citation 26

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Venture Capital, Learning, Multi-Armed Bandit Model, Exploration, Exploitation

12.

Optimal Allocation to Private Equity

Tuck School of Business Working Paper No. 3761243
Number of pages: 66 Posted: 04 Feb 2021 Last Revised: 27 May 2021
Nicola Giommetti and Morten Sorensen
Copenhagen Business School - Department of Finance and Dartmouth College - Tuck School of Business
Downloads 667 (63,808)
Citation 1

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Private Equity, Limited Partner, Asset Allocation, Portfolio Problem, Illiquidity, Secondary Market

13.

What Is CEO Overconfidence? Evidence from Executive Assessments

Downloads 660 (64,620)
Citation 5

What Is CEO Overconfidence? Evidence from Executive Assessments

Chicago Booth Research Paper No. 20-22, Fama-Miller Working Paper, Tuck School of Business Working Paper No. 3680699
Number of pages: 43 Posted: 27 Aug 2020 Last Revised: 24 Jun 2021
Steven N. Kaplan, Morten Sorensen and Anastasia A. Zakolyukina
University of Chicago - Booth School of Business, Dartmouth College - Tuck School of Business and University of Chicago - Booth School of Business
Downloads 636 (66,928)

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What is CEO Overconfidence? Evidence from Executive Assessments

NBER Working Paper No. w27853
Number of pages: 38 Posted: 28 Sep 2020 Last Revised: 08 Feb 2023
Steven N. Kaplan, Morten Sorensen and Anastasia A. Zakolyukina
University of Chicago - Booth School of Business, Dartmouth College - Tuck School of Business and University of Chicago - Booth School of Business
Downloads 24 (806,109)

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14.

Stakeholder Impact of Private Equity Investments

Handbook of the Economics of Corporate Finance Vol 1: Private Equity and Entrepreneurial Finance (Elsevier)
Number of pages: 52 Posted: 26 Apr 2022 Last Revised: 10 May 2023
Morten Sorensen and Ayako Yasuda
Dartmouth College - Tuck School of Business and University of California, Davis - Graduate School of Management
Downloads 523 (86,606)

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Private equity; leveraged buyout; stakeholders; ESG; sustainable investing; impact investing; corporate governance; LBO; government policy and regulation; public-to-private transactions; going-private deals; private-to-private deals; value creation

15.

Estimating Loan-to-Value Distributions

Downloads 379 (127,022)
Citation 2

Estimating Loan-to-Value Distributions

Columbia Business School Research Paper No. 12-15
Number of pages: 57 Posted: 14 Sep 2011 Last Revised: 18 Jun 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 343 (140,826)

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Real Estate Prices, Loan-To-Value, Repeat-Sales Price Index, Sample Selection, Bayesian Estimation, Gibbs Sampling, MCMC

Estimating Loan-to-Value and Foreclosure Behavior

NBER Working Paper No. w17882
Number of pages: 59 Posted: 02 Mar 2012 Last Revised: 13 May 2023
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business
Downloads 36 (712,742)

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16.

Identification of Multi-Index Sample Selection Models

Number of pages: 28 Posted: 09 May 2007 Last Revised: 29 Aug 2011
Morten Sorensen
Dartmouth College - Tuck School of Business
Downloads 261 (187,963)

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Sample Selection Model, Two-Sided Matching

17.

Evaluating Private Equity Performance Using Stochastic Discount Factors

Number of pages: 59 Posted: 07 Jan 2020 Last Revised: 19 Feb 2020
Oleg Gredil, Morten Sorensen and William Waller
Tulane University - A.B. Freeman School of Business, Dartmouth College - Tuck School of Business and Tulane University - Finance & Economics
Downloads 241 (203,307)
Citation 4

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Private Equity, Venture Capital, Institutional Investors, Consumption-based Asset Pricing, University endowments, Pension plans

18.

Estimating Loan-to-Value Distributions

Real Estate Economics, Forthcoming
Posted: 22 Jul 2014
Arthur G. Korteweg and Morten Sorensen
University of Southern California - Marshall School of Business and Dartmouth College - Tuck School of Business

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Loan-to-Value, Price Dispersion, Real Estate Indices, Sample Selection, Bayesian Estimation